The global brake cylinder market is anticipated to grow at a CAGR of 3.0% during the forecast period (2022-2028). Brake cylinder is defined as the principal valve through which brake fluid is pushed to make the calipers press brake pads on the rotors. Thus, it plays a significant role in making the car stop when the brakes are applied, and thus the fault in brake cylinder may result in a road accident. The market growth is majorly attributable to the growing penetration of new technologies that aim to lighten the weight of the overall vehicle by also maintaining higher efficiency as well as better performance This is further due to the growing concerns of automobile sector to lower the vehicle emissions. The Original Equipment Manufacturers (OEMs) are working to produce technologically innovative and lightweight car components such as lightweight and effective brake cylinder that are anticipated to augment the growth of the global brake cylinder market.
Apart from this, the increasing demand for passive safety systems that can minimize road accidents is also likely to provide a major traction to the market growth. As per the National Safety Council of US, 1,038 workers died and 25,830 were injured in the work-related road accidents. Only apart from the heavy trucks are not involved in these work-related crashes, however, light fleet vehicles, such as pick-up trucks, passenger vehicles, SUVs, and vans are also responsible. Thus, to minimize such risks, the global brake cylinder market is anticipated to grow substantially in the future years.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Sales Channel
- By Application
- Regions covered-
- North America
- Europe
- Asia-Pacific
Rest of the World
- Competitive Landscape: Aisin Seiki Co., Ltd., Robert Bosch GmbH, and Brembo S.p.A., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
A full report of Global Brake Cylinder Market is available at: https://orionmarketreports.com/global-brake-cylinder-market/102597/
Global Brake Cylinder Market Report by Segment
By Sales Channel
- Pre-Installed
- Aftermarket
By Application
- Commercial Vehicles
- Passenger Cars
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